Sanctuary Advisors LLC Acquires New Holdings in ManpowerGroup Inc. (NYSE:MAN)

Sanctuary Advisors LLC purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,546 shares of the business services provider’s stock, valued at approximately $421,000.

Other hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after purchasing an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of ManpowerGroup during the 1st quarter worth about $47,000. Advisors Asset Management Inc. acquired a new stake in shares of ManpowerGroup during the 1st quarter worth about $49,000. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth about $47,000. Finally, Innealta Capital LLC acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth about $50,000. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

MAN opened at $74.26 on Thursday. ManpowerGroup Inc. has a 1 year low of $66.03 and a 1 year high of $80.25. The company’s 50 day simple moving average is $71.89 and its 200 day simple moving average is $72.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $3.54 billion, a PE ratio of 76.56 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.27 by $0.03. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm posted $1.58 earnings per share. ManpowerGroup’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that ManpowerGroup Inc. will post 4.87 EPS for the current year.

Wall Street Analysts Forecast Growth

MAN has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. BMO Capital Markets raised their target price on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $82.40.

ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.